On April 2, 2009 the U.S. Treasury rolled out a Voluntary Disclosure program (expiring on September 22, 2009). The goal of this program is to bring into the fold undisclosed foreign bank accounts and with them, a lot of tax revenue. The voluntary disclosure program is confiscatory and will ...
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Written by admin on August 8th, 2011
Written by admin on May 22nd, 2011
A tax deferred exchange or 1031 exchange is a strategy or tool that can be used by an investor to sell property, as long as it qualifies, and then buy another like-kind property. Since ...
Written by admin on May 17th, 2011
Fear and concern over yields with safe secure money should be at the forefront for any retiree or person with limited resources. Especially if maintaining a current lifestyle is important and the goal.Click on ...
Written by admin on May 12th, 2011
SAFE HARBOR GUIDANCE Tax deferred exchanges have been part of the U.S. Tax Code since 1921. Since that time, the government has approved certain methods to structure exchange transactions that are so called “safe ...
Written by admin on May 11th, 2011
The U.S. Treasury has hinted that it may again offer an amnesty program for taxpayers hiding undeclared money in offshore accounts. Just before Christmas, IRS Commissioner Doug Shulman commented about the success of 2009's ...
